CEO to Workers: I May Fire You if Obama Wins....

[Rucker61]

Per my CPA -
Medicare payroll taxes increases in 2013 from 1.45% to 2.35% for $250000 joint income or 200k single. Also the Investment side will be 3.8%.

2014 onward, Small business health insurance tax kicks in, this is where business owners will be hit by the insurance cost increases.

Moreover....
Employer mandate kicks in. Some business owners must provide insurance, pay penalties or even both! If you have 50 or more employees and do not offer insurance, the penalty is $2000 per full time (whoops everyone gonna be working part time then). In addition for >50 employees firm like myself, we must provide voucher to contributes toward employee's premium (employee's GAI is under 400% of federal poverty line)

Then you have to sum up part timers toward full time. In addition there are automatic enrollment for those with 200 workers or more. All these will increase premium.

No offense to those who are in the insurance business, but insurance companies still cannot compete beyond state border, so this will only strengthen their monopoly and price fixing!!!

Now do you know how many businesses who are barely hanging on? Probably as many as folks who live paycheck to paycheck due to the current economy. I suspect mid of 2013 to beginning of 2014, we will see many businesses falling out.

Thanks for the viewpoint. I'm in big business that offers medical plans, so I don't get the opportunity to see the impact at the small business level. Never was a big fan of Obamacare to begin with.

[Ronin13]

well, I for one do not want to continue suporting welfare momma and 'gansta-snap' Daddies...
When I see a 2012 Escalade rolling on 40s and they pile out and load up the junk food on an EBT card I want to start bitch-slapping.

Another rant since I am already pissed... its not an entitlement!
no one owes it to you... you didn't flipping earn it.
a Disabled Vet getting a check from the VA is an entitlement... because he is entitled.

some inbred whore with 6 kids from 18 daddies is NOT entitled to shit.
If your reason for not getting a job is that you have too many kids... please report for sterilization.

if your reason for not working is "dey aint gots no gud job wiff gud pay fer me." There is a Reason there aren't ebonics translators at NASA. Maybe you should have studied in school, snowflake. Do you know how to pick fruit?


Lastly, I get sick of being lumped in with the welfare leeches simple because I hold a government job.
I get out of bed at 0500 everyday and go perform a technical job for the warfighters/Military of this nation, You show me 10 welfare leeches with a C|EH and I will eat my hat.

Amen! And I hate how government workers get lumped into the leech category- No, you have a damn job, which is more than a lot of people- many of whom actually are leeches- can say.

Rucker- Those who aren't suffering must be doing something right... just saying.

[Teufelhund]

YES IT IS! That is EXACTLY the circumstance he is in. He either has to take money out of his pocket to keep the business going OR he has to let some people go and scale back, and possibly even shut down.

Tell you what, why dont you call and ask his HR department if they can circulate a memo asking all the employees to MATCH 10% of the $$ the employer puts in to keep them employed, or even better, to take a pay cut to help absorb the cost of these goburment mandates that threaten thier jobs? \

WHY should he have to take even 1 dollar out of his pocket to keep a business he has already put everything he had into for 42 years just so the guberment man can redistribute his wealth?

You are not libertarian, your a liberal, just come clean about it and go join a Union and live off my taxes.

New taxes are not putting him out of business, they will cut into his profitability. I'm not saying he should redistribute his wealth. I'm not saying he should be forced to reduce his exorbitant income in order to save people's jobs; I'm saying it's the right thing to do. Unfortunately, people don't become gazillionaires by doing the right thing.

Do you understand how high unemployment is right now? Do you understand how competitive a job market that creates? Who stands to lose more: the guy who's been working the front desk of a hotel for the last 10 years, or the guy trying to decide how many elevators to put in his new mansion?

[Rucker61]

Rucker- Those who aren't suffering must be doing something right... just saying.

Or something wrong. Yes, I'm looking at you, Wall Street.

[dwalker460]

I understand exactly how high unemployment is. A large percentage of the reason it is this high because business in this country is being attacked left and right. Continue to attack "big business" and "corporate giants" and Wall Street, and you will continue to see the unemployment rate rise.

The guy behind that counter for 10 years, do you think he would take a 3% cut in pay?







Neither do I.

[Teufelhund]

If it was that or lose his job, you're damn right he would. He has a lot more to lose than the guy who is already set for life.

Yeah, I'm crying a river right now for the COO who made $1.7M last year because he fired 10% of his workforce and sent their jobs to Bangalore. That poor guy has it so bad.

[Ronin13]

Or something wrong. Yes, I'm looking at you, Wall Street.

But are they being hauled into court before a grand jury in record numbers? There's a difference between immoral and illegal. I don't know a sufficient amount of info to fully say they're 100% wrong or right, but I don't see a whole lot of "bad" Wall Street folks getting in trouble.

[Ronin13]

If it was that or lose his job, you're damn right he would. He has a lot more to lose than the guy who is already set for life.

Yeah, I'm crying a river right now for the COO who made $1.7M last year because he fired 10% of his workforce and sent their jobs to Bangalore. That poor guy has it so bad.

Have you ever made $1.7M? I'll be willing to bet if you were the COO, CEO, President, whatever, of any business, and you made a shitload of money, you wouldn't care about that 10% you fired to keep your income steady... Don't just look at things from the common guy's shoes, look at it from the other side of the table as well. Two sides to every story. You do realize the double edged sword we have here right? American labor costs exponentially more than shipping it overseas. It may not be right, but it's a viable option for some companies that want to see profits (which translates to more income)... Free enterprise. Another alternative, well, ask anyone over the age of 35 from Russia how that alternative worked out for them...

[Teufelhund]

Have you ever made $1.7M? I'll be willing to bet if you were the COO, CEO, President, whatever, of any business, and you made a shitload of money, you wouldn't care about that 10% you fired to keep your income steady... Don't just look at things from the common guy's shoes, look at it from the other side of the table as well. Two sides to every story. You do realize the double edged sword we have here right? American labor costs exponentially more than shipping it overseas. It may not be right, but it's a viable option for some companies that want to see profits (which translates to more income)... Free enterprise. Another alternative, well, ask anyone over the age of 35 from Russia how that alternative worked out for them...

Morality does not hinge upon level of income.

[Rucker61]

I understand exactly how high unemployment is. A large percentage of the reason it is this high because business in this country is being attacked left and right. Continue to attack "big business" and "corporate giants" and Wall Street, and you will continue to see the unemployment rate rise.

The guy behind that counter for 10 years, do you think he would take a 3% cut in pay?








Neither do I.

I took a 5% paycut for four years, while my CEO and three EVPs took home bonuses over $12m each. In one year.